Consumer chief issues credit-card debt warning

A LEADING consumer advocate has urged credit-card customers who cannot pay off their debts at the end of the month to reconsider having a card at all.

The call from Consumers’ Association of Ireland chief executive, Dermott Jewell, comes following confirmation that credit card companies made profits of €142 million in Ireland last year.

The profit level was up by €7m on the previous year, making Ireland one of the most profitable in the world.